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Robert Harding Financial Group

 

18301 North 79th Avenue D-149, Glendale, AZ 85308


Phone: 623-977-9823

Fax: 623-977-0181

Toll Free: 800-977-9823

 

WE OFFER INDEPENDENT UNBIASED NO-STRINGS-ATTACHED FINANCIAL ADVICE. WE ARE COMMITTED TO YOUR FINANCIAL FUTURE!

 

March/April 2021

New Limits for HSAs

New Limits for HSAs

Do you have a high-deductible health plan (HDHP)? That makes you eligible to contribute to a health savings account (HSA).


HSAs are triple tax-advantaged with tax-deferred contributions, tax-free potential earnings and tax-free withdrawals for qualified medical expenses, and you can roll over any balance to the next year.


Increased Limits and Coverage
For 2021, the annual HSA contribution limit is $3,600 for individuals with self-only HDHP coverage and $7,200 for individuals with family HDHP coverage. If you’re age 55 or older, you can make an additional $1,000 catch-up contribution.


HDHPs now cover remote health care services and costs of COVID-19 related testing and treatment before the annual deductible is met. HSAs now cover menstrual care products and over-the counter products and medications.


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Securities and Investment Advisory Services offered through Geneos Wealth Management, Inc. Member FINRA/SIPC.
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